Seneca Foods (NASDAQ:SENEA) Cut to “Hold (C+)” at Weiss Ratings

Weiss Ratings downgraded shares of Seneca Foods (NASDAQ:SENEA) from a buy (b-) rating to a hold (c+) rating in a research report report published on Saturday morning,Weiss Ratings reports.

Separately, Wall Street Zen lowered Seneca Foods from a “buy” rating to a “hold” rating in a research report on Saturday, August 9th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, Seneca Foods currently has an average rating of “Hold”.

Seneca Foods Price Performance

SENEA stock opened at $112.73 on Friday. The firm has a 50 day moving average price of $111.15 and a 200-day moving average price of $100.82. The firm has a market capitalization of $773.33 million, a price-to-earnings ratio of 18.09 and a beta of 0.19. Seneca Foods has a 52-week low of $61.74 and a 52-week high of $124.00. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.66 and a current ratio of 4.11.

Seneca Foods (NASDAQ:SENEA) last announced its quarterly earnings data on Thursday, August 7th. The company reported $0.86 earnings per share (EPS) for the quarter. The business had revenue of $297.46 million during the quarter. Seneca Foods had a return on equity of 10.07% and a net margin of 2.76%.

Hedge Funds Weigh In On Seneca Foods

Institutional investors and hedge funds have recently modified their holdings of the stock. State of Alaska Department of Revenue purchased a new position in shares of Seneca Foods in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC purchased a new position in Seneca Foods during the second quarter worth $36,000. New York State Teachers Retirement System purchased a new position in Seneca Foods during the second quarter worth $43,000. CWM LLC boosted its stake in Seneca Foods by 75.9% during the third quarter. CWM LLC now owns 475 shares of the company’s stock worth $51,000 after buying an additional 205 shares during the period. Finally, Russell Investments Group Ltd. boosted its stake in Seneca Foods by 179.2% during the first quarter. Russell Investments Group Ltd. now owns 726 shares of the company’s stock worth $65,000 after buying an additional 466 shares during the period. Hedge funds and other institutional investors own 42.51% of the company’s stock.

Seneca Foods Company Profile

Seneca Foods Corporation provides packaged fruits and vegetables in the United States and internationally. The company offers canned, frozen, and jarred produce; jarred fruit; and snack chips and other food products under the private label, as well as under various national and regional brands that the company owns or licenses, including Seneca, Libby’s, Aunt Nellie’s, Cherryman, Green Valley, and READ.